Tidewater Midstream to acquire remaining stake in Tidewater Renewables
Bitget2026/11/02 12:03- Tidewater Midstream will acquire the remaining shares of Tidewater Renewables it does not own for approximately $261 million.
- Renewables minority shareholders will receive 0.88 Midstream common shares per common share, implying $20.58 per share based on October 30, 2026 prices.
- Midstream currently owns approximately 65% of Renewables; the combination will integrate their midstream, conventional fuels and renewable fuels operations.
- The transaction is expected to close around December 18, 2026, subject to shareholder, court and TSX approvals.
- The combined business expects operating efficiencies, corporate cost savings and improved financing flexibility.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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